Which of the following is the present value of PHP 1,280,000 due in 5 years if the money is worth 12% simple interest? A. PHP 600,000 B. PHP 700,000 C. PHP 800,000 D. PHP 900,000

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Which of the following is the present value of PHP 1,280,000 due in 5
years if the money is worth 12% simple interest?


A. PHP 600,000
B. PHP 700,000
C. PHP 800,000
D. PHP 900,000

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